Albany International Corp. (NYSE:AIN) today announced the completion of the strategic review of its Amelia Earhart Drive facility in Salt Lake City, Utah. Following new business wins, a renegotiated Boeing 787 contract for one-piece composite fuselage frames, and new contract terms with Sikorsky, a Lockheed Martin Company, on the CH-53K® program, Albany will retain the facility and end the previously announced strategic review.

Updated Outlook for the Third Quarter of 2026

• Consolidated net revenue outlook remains unchanged at between $320 million and $330 million
• Adjusted EPS increased from prior guidance of $0.60 to $0.70 to between $1.40 and $1.50
• Outlook for the Fourth Quarter of 2026
• Consolidated net revenue between $325 million and $335 million
• Adjusted EPS between $0.65 and $0.75

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